Why choose an HSBC personal loan?
When expenses arise, like your daughter's marriage, furnishing your home, higher education for your children or a family holiday you can turn to Personal Loan from HSBC.
An HSBC personal loan can support with a Home renovation or other home related expenses, marriage expenses, travel expenses, transferring an existing loan from another bank, purchasing consumer durables or equipment, and any other personal needs and contingencies
Key Features:
-
Personal Loans with flexible tenure of up to 5 years (i.e. tenure from a minimum of 6 months onwards with additional block of 6 months. You can choose a tenure ranging from 6, 12 , 18, 24, 30, 36, 42, 48, 54 or 60 months).
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Easy monthly repayment through Equated Monthly Installments (EMI) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on HSBC bank account
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Transfer of an existing personal loan from another bank in India
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No requirement of collateral/guarantor
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Easy documentation, quick processing and disbursal
Interest Rates
Rates and charges
| Type | Charge |
|---|---|
| Current interest rate ranges |
from 10.50% p.a. to 17.84% p.a. |
| Processing fee |
Up to 1% of the disbursed loan amount. Processing fee paid/deducted is non refundable |
| Foreclosure/partial prepayment charges* |
Up to 3.75% of the principal outstanding |
| Cheque Return charge |
NIL |
| Cheque Swap charges |
NIL |
| Type |
Current interest rate ranges |
|---|---|
| Charge |
from 10.50% p.a. to 17.84% p.a. |
| Type |
Processing fee |
| Charge |
Up to 1% of the disbursed loan amount. Processing fee paid/deducted is non refundable |
| Type |
Foreclosure/partial prepayment charges* |
| Charge |
Up to 3.75% of the principal outstanding |
| Type |
Cheque Return charge |
| Charge |
NIL |
| Type |
Cheque Swap charges |
| Charge |
NIL |
* Only after completion of lock-in period as per the terms detailed in the Personal Loan agreement.
Interest Rates for Q4 2019
Annual Percentage Rate (APR) for Personal Loans ranges between 10.5% to 19.68% for all loans at a maximum tenor of 60 months.
Interest Range for Q4 2019 for different categories of customers: 10.5% to 19% p.a. Mean (Average) interest rate in Q4 2019 was 11.56% p.a.
Apply for a Personal Loan
HSBC Customers
Please log on to your account via Personal Internet Banking for the quickest and easiest way to apply.
New to HSBC
Personal Loan application form Loan application will disposed of and acceptance/rejection will be communicated within 15 days from the date of receipt of completed application with supporting documentation.
Apply for Personal Loan through the 'HSBC India' app
Download the 'HSBC India' app to get started
Frequently asked questions
Useful Links
Application Forms
Important Information (Welcome Pack details)
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Important Information
Terms & Conditions
This offer is applicable on all applications received by Bank between period of 01 January 2020 to 31 March 2020 and disbursed by 30 April 2020.
The maximum loan amount that can be availed of under this offer is ₹15,00,000. Select customers may be eligible for loans upto ₹30,00,000 based on internal credit policy of HSBC. The loan amount may vary subject to conditions and other internal credit policy of HSBC.
EMI date will be the 5th or 15th of every month, depending on the loan disbursal date.
For HSBC personal loans disbursed between 1st and 15th of the calendar month, the EMI date will be 5th of next calendar month.
For HSBC personal loans disbursed between 16th and 31st of the calendar month, the EMI date will be 15th of next calendar month.
Please note that basis Goods and Services Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST, Cess or Inter-State GST, as applicable, would apply on our fees and charges.
Fees and charges are subject to change at the sole discretion of the Bank and will be intimated to customer at least a month prior to the same being applicable.
Sanction of Loan is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC).